Real Estate Prices and Overview
Lake Riviera median real estate prices are $270,722, which is more expensive than 42.3% of the neighborhoods
in New Jersey and 74.2% of the
neighborhoods in the U.S.
Average rental prices in Lake Riviera are currently
$1,407, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.2%
of the neighborhoods in New Jersey.
Lake Riviera is a suburban neighborhood (based on population
density) located in Brick, New Jersey.
Lake Riviera real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes.
Most of the residential real estate is owner occupied. Many of
the residences in the Lake Riviera neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Lake Riviera, the current vacancy rate is 0.0%,
which is a lower rate of vacancies than 100.0% of all neighborhoods
in the U.S. This means that the housing supply in Lake Riviera
is very tight compared to the demand for property here.
Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: Diversity
Did you know that the Lake Riviera neighborhood has more
Italian and Irish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 27.4% of
this neighborhood's residents have Italian ancestry and 19.5% have Irish ancestry.
Lake Riviera is also pretty special linguistically. Significantly, 3.2% of its residents five years old and above primarily
speak Italian at home. While this may seem like a small percentage, it is higher
than 98.8% of the neighborhoods in America.
Notable & Unique: Real Estate
In addition, with a real estate vacancy rate of only 0.0%, the Lake Riviera neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
Furthermore, this Lake Riviera neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 97.6% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 96.4% of all neighborhoods in America.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the Lake Riviera neighborhood in Brick are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 71.2% of the neighborhoods in America.
In addition, 4.7% of the children seventeen and under
living in this neighborhood are living below the federal poverty line, which
is a lower rate of childhood poverty than is found in 76.6%
of America's neighborhoods.
The Neighbors: Occupations
The old saying "you are what you eat" is true. But it is also true that you
are what you do for a living. The types of occupations your neighbors have
shape their character, and together as a group, their collective occupations
shape the culture of a place.
In the Lake Riviera neighborhood, 35.7%
of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is
executive, management, and professional occupations, with 27.5% of the residents employed.
Other residents here are employed in manufacturing and laborer occupations
(20.7%), and 15.4% in clerical, assistant, and tech support occupations.
The Neighbors: Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents,
our houses of worship, and much of our culture – our learned behavior - comes
from our ancestors. That is why ancestry and ethnicity can be so interesting
and important to understand: places with concentrations of people of one or
more ancestries often express those shared learned behaviors and this gives
each neighborhood its own culture. Even different neighborhoods in the same
city can have drastically different cultures.
In the Lake Riviera neighborhood in Brick, NJ, residents
most commonly identify their ethnicity or ancestry as Italian
(27.4%). There are also a number of people of Irish ancestry (19.5%) , and residents who report German roots (7.0%) , and some of the residents are also of English ancestry (5.9%) , along with some Polish ancestry residents (4.8%), among others.
The Neighbors: Languages
The languages spoken by people in this neighborhood are diverse. These are
tabulated as the languages people preferentially speak when they are
at home with their families.
The most common language spoken in the Lake Riviera
neighborhood is English, spoken by 87.8% of households. Other important languages spoken here include Spanish and Italian.
Getting to Work
Even if your neighborhood is walkable, you may still have to drive to your
place of work. Some neighborhoods are located where many can get to work in
just a few minutes, while others are located such that most residents have a
long and arduous commute.
The greatest number of commuters in Lake Riviera neighborhood spend
under 15 minutes commuting one-way to work (32.8% of working
residents), one of the shortest commutes across America.
Here most residents (87.4%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.8%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.